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New Analysis

Unsecured debt hits record high in the UK

According to of ONS figures, unsecured debt in the UK has reached a new record level of £15,400 per household. The TUC general secretary, Frances O’Grady, said: “Household debt is at crisis level. Years of austerity and wage stagnation has pushed millions of families deep into the red."

Total unsecured debt in the country is now at £428 billion, accounting for 30.4 percent of household income in the third quarter of 2018. O'Grady added: “The government is skating on thin ice by relying on household debt to drive growth. A strong economy needs people spending wages, not credit cards and loans.”

Description

This chart shows figures related to unsecured debt in the United Kingdom in Q3 2018.

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Household debt to income ratio in the UK 2000-2026
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Household debt to GDP ratio Thailand 2013-2025
Household debt service payments as a share of disposable income in the U.S. 2011-2026
Household debt to GDP ratio in the U.S. 2014-2025
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Household debt as a share of net disposable income in Japan 2014-2023
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Value of household debt in the U.S. 2025, by type

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